A penthouse at the Four Seasons Residences at the Surf Club, listed for nearly $50 million, led new pending sales in Miami-Dade County during the week of March 2 to March 8. Buyers signed contracts for 24 properties across the county in that period, according to the latest Eklund-Gomes signed contracts report.
The report tracks homes and condominiums listed at $4 million or more on the Multiple Listing Service. On average, these properties spent 126 days on the market before going under contract. During this week, 38 new luxury listings were added, bringing the total number of such listings to 1,258.
In comparison, buyers had signed 31 contracts for Miami-Dade properties totaling $488 million in asking price during the previous week. That included a notable purchase by Mark Zuckerberg and Priscilla Chan of a property at 7 Indian Creek Island Road for $170 million.
For the most recent week reported, single-family homes accounted for 14 of the contracts with an average asking price close to $10 million and an average time on market of 91 days. The combined asking dollar volume for these homes was $138.4 million. The top single-family home was a five-bedroom residence at 665 Leucadendra Drive in Coral Gables, listed at $27.6 million and owned by Yrma Palenzuela.
Ten condos went under contract with an average asking price of $12.4 million and an average time on market of 175 days. These units totaled $124.4 million in asking dollar volume, averaging about $3,300 per square foot. Leading this segment was Penthouse 6 in the north tower at 9111 Collins Avenue in Surfside—a four-bedroom condo with a large rooftop terrace—listed by Ximena Penuela’s Fort Realty.
Meanwhile, New York saw buyers sign contracts for 43 homes last week with a combined asking price exceeding $421.5 million and an average time on market of over a year.
